Russia's Lukoil Denies Negotiating Acquisition Of Brazilian Petrobras' Stakes In Nigeria

Russia's Lukoil Denies Negotiating Acquisition of Brazilian Petrobras' Stakes in Nigeria

Russia's Lukoil has not held any negotiations on buying Brazilian Petrobras' stakes in two oil production projects in Nigeria, the company's CEO, Vagit Alekperov, said on Wednesday

SOCHI (Pakistan Point News / Sputnik - 23rd October, 2019) Russia's Lukoil has not held any negotiations on buying Brazilian Petrobras' stakes in two oil production projects in Nigeria, the company's CEO, Vagit Alekperov, said on Wednesday.

Meanwhile, the Nigerian Ministry of Petroleum Resources said on October 9 that the Russian energy giant had expressed commitment to "finalize the ongoing investment decision towards acquiring stakes from Brazil's Petrobras in two Nigerian fields."

"We have not conducted any negotiations on Petrobras," Alekperov told reporters on the sidelines of the Russia-Africa forum.

The Rossiya Segodnya International Information Agency is an official media partner of the two-day forum, which opens on Wednesday in the Black Sea resort of Sochi.